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Andhra Bank – Current Education Loan Interest Rates



Andhra Bank Limited – Current Education Loans or Student Loans Interest Rates

New Delhi (Delhi, India), January 31, 2016

Andhra Bank Limited Cuts Education Loan Interest Rate to 10.25% Per Annum

The Andhra Bank Limited has decreased its education loan interest rates by 0.25 percent, or 25 basis points with effect from Tuesday, September 29, 2015.



Andhra Bank Limited has revised its minimum education loan interest rate from 10.50 percent to 10.25 percent per annum for female students for the education loan amount up to Rs. 750,000 and from 10.75 percent to 10.50 percent per annum for male students for the education loan amount above Rs. 750,000.

Andhra Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail education loans for their higher studies.

Andhra Bank Limited Student Loan Scheme – Current Education Loan Interest Rates

Andhra Bank Student Loan Scheme Interest Rate for Female Students: 10.25% Per Annum for Education Loan Amount up to Rs. 400,000
Andhra Bank Student Loan Scheme Interest Rate for Male Students: 10.75% Per Annum for Education Loan Amount up to Rs. 400,000
Andhra Bank Student Loan Scheme Interest Rate for Female Students: 10.25% Per Annum for Education Loan Amount Rs. 400,001 to Rs. 750,000
Andhra Bank Student Loan Scheme Interest Rate for Male Students: 10.75% Per Annum for Education Loan Amount Rs. 400,001 to Rs. 750,000
Andhra Bank Student Loan Scheme Interest Rate for Female Students: 10.50% Per Annum for Education Loan Amount above Rs. 750,000
Andhra Bank Student Loan Scheme Interest Rate for Male Students: 11.00% Per Annum for Education Loan Amount above Rs. 750,000
Andhra Bank Student Loan Rate of Interest is Floating or Fixed: Fixed
Quantum of Andhra Bank Education Loan: Up to Rs. 10,00,000 for Education in India and Rs. 20,00,000 for Education in Abroad
Minimum Age Limit for the Andhra Bank Education Loan: 16 Years
Maximum Age Limit for the Andhra Bank Education Loan: 35 Years
Andhra Bank Education Loan Processing Fee and Documentation Charges: 0.25% of the Loan Amount (Maximum Rs. 5,000 plus Service Tax)
Maximum Tenure for the Andhra Bank Student Education Loan: 15 Years Post Moratorium Period
Andhra Bank Education Loan Pre Closure Charges or Prepayment Penalty: Up to 0% of the Principal Outstanding plus Service Tax if the loan is foreclosed or part-prepaid during moratorium
Guarantor Requirement: No collateral or guarantor required for education loan up to Rs. 7,50,000
Eligible Courses for the Andhra Bank Student Education Loan: Regular full-time degree and diploma courses for studies in India and abroad.

Andhra Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Andhra Bank Limited


1 comment

  1. Shivaji Gond

    I want to take education loan for B. Tech as a lateral student. Can I know about education loan details please?

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